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Middle East Africa Soybean Oil-based Lubricants Market Report Description: Middle East Africa soybean oil-based lubricants market report gives comprehensive outlook on soybean oil-based lubricants market across the different countries of Middle East Africa. The report on Middle East Africa soybean oil-based lubricants market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application and country. This report studies Middle East Africa soybean oil-based lubricants market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Middle East Africa soybean oil-based lubricants market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Middle East Africa soybean oil-based lubricants market to better equip clients with possible investment opportunities across the Countries (Country Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the Middle East Africa soybean oil-based lubricants market report include suppliers, manufacturers, marketers, policy makers, and recent market activities. Middle East Africa Soybean Oil-based Lubricants Market: The Middle East Africa soybean oil-based lubricants market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Market for Middle East Africa soybean oil-based lubricants market is projected to reach US$ XX Mn by 2025 due to combination of environmental concerns, economics and performance issues. Petroleum- or mineral-based oils have historically been, and will likely continue to be the economical choice for many manufacturers to satisfy performance, logistic and cost targets in many applications. Development and Launch of New Soybean Oil-based Lubricants in the Market Development and launch of innovative soybean oil-based lubricants by the market players enables surge in the lubricants market demand over the forecast years. For instance. In July 2, 2018 – Archer Daniels Midland Company (NYSE: ADM) and Cargill have successfully completed their transaction and formally launched SoyVenTM their new joint venture to provide soybean meal and oil for customers in Egypt. New R&D Activities for Product Development and its Safer Attributes Play an Important Role in Growth of Soybean Oil-based Lubricants Market The R&D activities for the development of soybean oil-based lubricants has fostered the growth of soybean oil-based lubricants market. Moreover, owing to its greener and safer attributes it is one of the preferred candidate by most of the manufacturers, thereby increasing in its demand. Rising importance of earning carbon benefits in chemical industry is expected to promote demand for bio-based process oils and tap new markets over the forecast period. Iran Accounts for Larger Market Revenue Share in Middle East Africa Soybean Oil-based Lubricants Market  Middle East and Africa market, together accounted for over XX% share of the global market in terms of volume in 2013. The growing automotive, marine, and aviation industries have led to an enhanced demand for lubricants from these regions. The Iranian market was the largest lubricants market in the Middle East & Egypt was the largest market in Africa, in terms of consumption of lubricants in 2013. The market in Nigeria in Africa and Iran in Middle East are estimated to grow at high rates in the next five years.The transportation sector has a high consumption share in the Middle East & Africa lubricant market. The transportation and non-transportation sectors are estimated to grow exponentially. Competition Assessment Key players profiled in the Middle East Africa soybean oil-based lubricants market include:
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2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.